Insurance and Financial Services (As % of Service Exports, BoP) in Mexico

Insurance and financial services as a percentage of service exports from the balance of payment reached 14.8 % in 2017 in Mexico, according to the National Central Bank / OECD. This is 35 % more than in the previous year.

Historically, insurance and financial services as a percentage of service exports from the balance of payment in Mexico reached an all time high of 17.4 % in 2014 and an all time low of 1.80 % in 1997. When compared to Mexico's main peers, insurance and financial services as a percentage of service exports from the balance of payment in Belize amounted to 0.962 %, 2.62 % in Guatemala, 0.132 % in Honduras and 16.0 % in USA in 2017.

Mexico has been ranked 19th within the group of 149 countries we follow in terms of insurance and financial services as a percentage of service exports from the balance of payment, 1 places behind the position seen 10 years ago.

Insurance and financial services cover various types of insurance provided to non-residents by resident insurance enterprises and vice versa, and financial intermediary and auxiliary services (except those of insurance enterprises and pension funds) exchanged between residents and non-residents.

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